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Section 10(5) of the Land Charges Act 1925 (by virtue of which registration under section 95 of the [1948 c. 38.] Companies Act 1948 takes effect, in the case of a land charge for securing money created by a company, as if it were registration under the Land Charges Act 1925) shall not apply to any charge created after the commencement of this Act other than one created as a floating charge, and accordingly in that subsection, after the words " created by a company ", there shall be inserted the words " before 1st January 1970 or so created at any time as a floating charge ".
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